Patent AU-2016100977-A4 (AU)
Title: Method and system for automated collection and rebate of a gst taxation
Inventor: PACK BERNARD JOHN
IPC: G06Q40/06
Filed: 2016-06-30
Granted: 2016-08-04
Abstract: Method and System for Automated Collection of GST Debits and Credits A method for gathering the Goods and Services Tax (GST) component of an electronic transaction or an electronic invoice, for the purpose of accounting for amounts of GST paid on items purchased, or amounts of GST collected in the process of a sale of goods and/or services. An Australian Taxation Office (ATO) GST card, or other electronic repository or record, specific to an individual GST paying customer, is provided, for recording GST transacted amounts. The GST amount is attributed to the purchaser's ATO GST record as a negative amount (GST paid), and to the vendor's ATO GST record as a positive amount (GST collected). A negative balance indicates an amount which is converted to a positive amount on settlement of GST commitments, and is owed by the ATO to the customer, while a positive balance indicates that the customer owes that amount to the ATO. The process provides the ability to settle these balance amounts with the ATO's banking facility, simultaneously with a transaction or invoice payment, or maintain a running GST balance, reflecting the accumulation of numerous transactions, after which an end of period process is provided at a given time, to extract the equivalent of any positive balance amount from the bank account or card account of an ATO GST card holder, and credit these funds to the ATO, while the process will extract a positive amount equal to the negative balance of an ATO GST card holder, whose ATO GST card balance has a negative balance, and deposit these funds to the bank account of that ATO GST card/account holder. The end of period process returns all card balances to zero. $0.00. DESCRIPTION OF FIGURES 5 AND 6 Fig, 5 illustrates the bolts that will secure the removable rim to be engaged to the wheel. Fig, 6 illustrates the wheel to which the tyre and removable rim will be engaged and secured. In Fig. 5, the illustration shows a bolt which may be used to secure the rim (shown in Fig. 4) together with the tyre to the wheel (shown in Fig. 6) within the plurality of apertures (shown in Fig. 4, at 11) through which the bolt may be passed to engage the rim together with the tyre, to the wheel at the female threads (as shown in Fig. 3 at 7) and thereby securing the tyre to the wheel. This is further illustrated as shown in Fig. 3 with the removed rim from the wheel and tyre showing the securing means of the female threads of the wheel at 7, by which the bolt in Fig. 5 may be passed through the removed rim to be engaged to the wheel by these female threads shown in Fig. 3 at 7 and thereby securing the tyre to the wheel. In Fig. 6, the illustration shows the wheel detached from the tyre and the removable rim and to which the tyre and removable rim may be attached by the means described in the above Fig's. 3, 4, & 5. The illustration shows the protrusions at 12 which is further illustrated in Fig. 3 at 9 and which may engage with the recesses in the tyre as shown in Fig. 3 at 8 for both the tyre and wheel to be securely engaged, together with the further removable rim secured by the bolt in the manner described in Fig. 5. wholesaler Retail Oudet Business IBusiness 2 ofgital OvelayAP BansaI./favnke 2 n 1 7 GSTBBan 2 Figure I